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the net worth of Americans has been exploding
Why would a bubble start forming from such high level?
Most likely more people will leave, the economy will take a hit and the political chorus of YIMBY will become higher pitched.
Strategist saysthe net worth of Americans has been exploding
If we were to build enough, net worth would fall, reflecting how arbitrary this notion of "net worth" really is.
People couldn't convert their "net-worth" to cold cash.
Hear a lot of chatter from bankers and realtors advising their client to sell before 2019
mell saysHear a lot of chatter from bankers and realtors advising their client to sell before 2019
Realtors have a zero capacity to forecast home prices. They are excellent salespeople, and nothing else. They advise clients to sell just to get the listings, which is the easiest way for realtors to make big commissions in a sellers market.
Realtors have a zero capacity to forecast home prices. They are excellent salespeople, and nothing else. They advise clients to sell just to get the listings, which is the easiest way for realtors to make big commissions in a sellers market.
True but those are acquaintances and friends. Rates have started creeping towards 5. And due to leverage this quite affects affordability. If they can keep em under 5 it may be ok in this booming economy.
Folks, home prices in NY, Miami, Seattle, and California are not dependent on incomes, but assets that people have (foreigners included) With rising real estate prices, and a record high stock market,Wow it's seems like you just discovered correlation between all asset prices being in a bubble. If the Fed does not chicken out and keeps raising rates, asset prices will come down eventually.
Contacted listing agents who were taking back up offers on sold properties
accepted full price.
Strategist saysContacted listing agents who were taking back up offers on sold properties
Strategist saysaccepted full price.
By "full price," do you mean advertised asking price, or contract sale price? If the latter, how did you find that information?
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